Multiple Choice
An increase in productivity as a result of a new technology would cause the production possibilities frontier to:
A) shift in.
B) shift out.
C) not move until society chose to move it.
D) become more meaningful in policy decisions.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q43: A production possibilities frontier is a line
Q48: Suppose that a worker in Country A
Q56: Suppose that a worker in Country A
Q64: When a producer has the ability to
Q65: Suppose that a worker in Country A
Q68: Two countries will choose to specialize and
Q71: If we consider the reality that each
Q72: The slope of a production possibilities frontier
Q74: Suppose England has a comparative advantage over
Q101: Suppose that a worker in Country A